Bitcoin’s Nightmare Continues: Investors Flock To Altcoins

Digital asset investment products have witnessed a net outflow of $32 million in the past week, marking the fifth week in a row of this downward trend, with the total over this period amounting to $232 million (0.7% of total assets under management), according to a report. In its digital asset fund flows weekly report, Coinshares stated weekly transaction volumes dropped to $900 million, a significant 40% decrease from the average volumes for this year.